Reference no: EM131145563
Risk Planning-
Prepare a paper in which you address each of the following in separate, titled sections framed by an introduction and a conclusion:
1. Select a hypothetical or real project in your personal life, such as moving from one city to another or buying a house. Describe the project specifically and measurably in terms of scope, budget, schedule, and quality.
2. Identify 3-4 logical chronological phases that comprise the entirety of the project duration and describe these phases.
3. Brainstorm a total of eight risks facing this project, including six negative risks and two positive risks. State each of the six negative risks concisely in the form of an undesirable event and explain each risk. State each of the two positive risks concisely in the form of a desirable event and explain each risk.
4. Prepare a table that includes the following column headings, from left to right: Project Phase, Risk, Impact, Likelihood, Composite Risk Score, Response Type, and Response Description. Populate only the first two of these columns. Populate the first column with the names of the phases identified in (2) above. Populate the second column with the eight risks identified in (3) above in such a way that each risk appears in the same row of the table as the project phase to which it pertains. Title, but do not populate, the Impact, Likelihood, Composite Risk Score, Response Type, and Response Description columns at this time.
5. Your paper should be 4-5 pages in length, including the table presented in (4) above. You are required to support your paper with at least three scholarly sources The paper must be formatted according to the APA Requirements. Submit only one MS Word file. You may create your table for (4) above in Excel if you would like, but you must then move it successfully to the MS Word file that you submit-and the table must be readily viewable by the reader of the MS Word document. Hyperlinks, embedded files, or any other approach to incorporating the table into the MS Word document that renders the table not immediately viewable by a reader of the document-without having to take any action-are not acceptable and will result in no credit for the table.
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